Summary

Projects are temporary endeavors undertaken to create a unique product, service, or result. Projects come in various sizes, categories, and types and are characterized by being complex and multidisciplinary, existing in conflict and uncertainty, and being part of programs, which may be part of a collection of programs in a portfolio. Project life cycles are as unique as projects themselves, and they often follow an S-shape or a J-shape curve. Project selection methods can be qualitative, quantitative, or a mix of each.

The following are examples of projects (see the text of Topic 1 for full examples):

• Developing a new vaccine for COVID-19

• Planning and executing a destination wedding

• Merging two companies

• Improving a business process within an organization

• Constructing a building

• Starting a business

• Remodeling a house

• Creating a new product and bringing it to market

• Publishing a textbook

• Hosting a charitable fundraiser